List of Improving Housing Markets Grows to 274 in March

The list of major markets (MSAs) included in the National Association of Home Builders/First American Improving Markets Index (IMI) grew to 274 out of a possible 361 in March, from 259 in February. With 76 percent of the markets included the housing market recovery is on more solid footing than it was at this time last year.

IMI March 2013

The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. The index has shown steady growth over the past year as national measures of housing market improvement including housing starts and house prices have also shown consistent strength.

While we expect this positive momentum to continue, it’s important to understand that many markets are just beginning the recovery process, and that numerous issues – from credit availability to the rising cost of building materials and emerging lot shortages – are slowing the pace of that advancement.

The expanding housing recovery is energizing communities nationwide by generating jobs and local tax revenues and it could be an even more potent force for economic growth if credit for building and buying homes was more readily available.

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10 Responses to List of Improving Housing Markets Grows to 274 in March

  1. Would be nice if the Banks Would Loosen Up Some Lending Restrictions

  2. v says:

    [...] National Association of Home Builders’ (NAHB) Improving Markets Index expanded to 274 metropolitan markets in March, as more and more regions in the U.S. showed signs of economic [...]

  3. [...] National Association of Home Builders’ (NAHB) Improving Markets Index expanded to 274 metropolitan markets in March, as more and more regions in the U.S. showed signs of economic [...]

  4. [...] National Association of Home Builders’ (NAHB) Improving Markets Index expanded to 274 metropolitan markets in March, as more and more regions in the U.S. showed signs of economic [...]

  5. [...] change for the economy as a whole. Improvements in home prices and building are widespread, with the NAHB/First American Improving Markets Index now standing at a count of 274 of 361 MSAs. With 76% of markets now making the list, there is no doubt the housing economy is on more solid [...]

  6. [...] change for the economy as a whole. Improvements in home prices and building are widespread, with the NAHB/First American Improving Markets Index now standing at a count of 274 of 361 MSAs. With 76% of markets now making the list, there is no doubt the housing economy is on more solid [...]

  7. [...] change for the economy as a whole. Improvements in home prices and building are widespread, with the NAHB/First American Improving Markets Index now standing at a count of 274 of 361 MSAs. With 76% of markets now making the list, there is no doubt the housing economy is on more solid [...]

  8. [...] change for the economy as a whole. Improvements in home prices and building are widespread, with the NAHB/First American Improving Markets Index now standing at a count of 274 of 361 MSAs. With 76% of markets now making the list, there is no doubt the housing economy is on more solid [...]

  9. [...] The mortgage and housing meltdowns resulted in trillions of dollars in lost household wealth and caused homeownership rates to fall, especially among younger Americans, a trend that has only recently reversed as home prices have started to recover. [...]

  10. [...] The mortgage and housing meltdowns resulted in trillions of dollars in lost household wealth and caused homeownership rates to fall, especially among younger Americans, a trend that has only recently reversed as home prices have started to recover. [...]

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